Corporate tax cuts are not working
- Thread starter mentalfloss
- Start date
Good article on how Ontario can't avoid taxes anymore.
It was probably sponsored by a greenie! (lol)
Ontario can no longer hide from taxes, restraint - The Globe and Mail
It was probably sponsored by a greenie! (lol)
Ontario can no longer hide from taxes, restraint - The Globe and Mail
ON needs to get it's **** together. All the taxes in the world won't wrangle **** into one pile.
Well it will need to both increase revenues and lower expenses.
That means cutting unnecessary services (or making them more efficient) and raising taxes (at least corporate taxes).
The Corporation Canada (you and me) is part owner in a vast array of Public Corporations. Would the Corporation of Canada make more revenue from dividends, exports and an employed workforce or would it make more from taxes?
Our consumer based economy would be better off without the jobs lower taxation stimulates don't you think?
What do you think that higher corp taxes will do the mfg sector that is already reeling from a high dollar?
Think that those higher corp taxes will have a positive impact on their already razor-thin margins?
Only taxes on corps Petros... The average Joe is exempt.
Of course not.
My municipality recently raised property tax by 7.4%. That's only $20/mo. for me and it's going toward keeping good services.
Totally worth it.
There is biting the hand that feeds you and then there is gnawing on it. Gnawing on it will just make them go offshore won't it?
Some may do that... Companies like CAT have already opted to move to a lower cost (labor cost related) jurisdiction.... Upping the corp taxes may have an affect on other companies that are currently marginal.
Other companies won't be able to go offshore.. The small and (possibly) medium guys may just close their doors or downsize for a period of time.
How come Hitachi's heavy equipment division can prosper in Saskatoon but CAT can't in London?
1% less in Corporate taxes maybe?
1% less in Corporate taxes maybe?
Didn't like my answer, I see.
Must have been because it foiled captain's attempt at another 1% ad hominem.
What a shame.
Must have been because it foiled captain's attempt at another 1% ad hominem.
What a shame.